Please see my earlier posts Part I – Why don’t they teach this in school? Part II – Compound Interest and Wealth Part III – Compound Interest and Consumer Debt Part IV – Discounted cash flows – an example using a pension buyout Preamble In the last post I used the example of a pension
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Please see earlier posts Part I – Why don’t they teach this math in school? Part II – Compound Interest and Wealth Part III – Compound Interest and Consumer Debt Preamble In the last two posts I wrote about how, using the compound interest formula, you can compute precisely how large your money will grow
Part III – Compound interest and Consumer Debt Please see earlier posts Part I – Why don’t they teach this in school And Part II – Compound interest and Wealth So in the last post I wrote about the the incredible power of compound interest, and the possibility it suggests about wealth creation over time.
On Teaching Compound Interest and Discounted Cash Flows “The most powerful force in the universe is compound interest” – Albert Einstein “Tomorrow and tomorrow and tomorrow, Creeps in this petty pace from day to day To the last syllable of recorded time” This Spring I began teaching Personal Finance to a group